Product Code: A136138
According to a new report published by Allied Market Research, titled, "Operational Technologies Market," The operational technologies market was valued at $146 billion in 2022, and is estimated to reach $292.7 billion by 2032, growing at a CAGR of 7.6% from 2023 to 2032.
Rise in need for efficiency and productivity in industrial operations by operational technology drives the market. While businesses attempt to optimize their operations, save costs, and increase productivity, there is a rising need for modern OT systems that can automate and simplify processes, provide real-time monitoring, and control, and give reliable data for analysis and decision-making. The need to improve operational efficiency, reduce downtime, improve quality control, and satisfy regulatory standards drives the adoption of OT solutions, allowing companies to reach better levels of productivity and competitiveness in a rapidly evolving market.
The market growth is supplemented by proactive industrialization efforts and surge in manufacturing output, owing to technological advancements. These factors have allowed emerging markets to evolve as largest markets during the forecast period both, from the demand as well as the supply side. Public & private organizations have substantially invested in R&D activities and fabrication techniques to develop cost-effective operational technology.
The performance of physical equipment is monitored and regulated by operational technology. Remote monitoring and management of physical equipment is a critical component of operational technology. Operational technology has become a frequent and crucial component of critical infrastructure systems due to its widespread usage in refineries, nuclear reactors, and other critical infrastructure systems. Previously, it was only used in manufacturing, transportation, and utility control systems, and the technologies were limited in their networking capabilities. With advancements in communication and networking technology, conventional operational technology that was previously used only in industrial control systems is now being supplanted by operational technology, leading to the rise in the need for smart operational technologies.
For the purpose of analysis, the operational technology market scope covers segmentation based on component, technology, vertical, and region. On the basis of component, it is divided into field devices and control systems. Field devices are further bifurcated into industrial valves, transmitters, industrial sensors and actuators. Control systems are divided into SCADA, WMS, DCS, HMI and others. On the basis of technology, it is fragmented into wired and wireless. By vertical, it is divided into pharmaceuticals, food and beverages, oil and gas, energy and power, automotive, and others. Region-wise, the operational technology market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market include operational technology market players, such as ABB Ltd., Siemens, Schneider Electric SE., Rockwell Automation Inc., Honeywell International Inc., Emerson Electric Company, General Electric, IBM Corp, Oracle Corporation, and Fuji Electric Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the operational technologies market analysis from 2022 to 2032 to identify the prevailing operational technologies market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the operational technologies market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global operational technologies market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Product Benchmarking / Product specification and applications
- Regulatory Guidelines
- Import Export Analysis/Data
Key Market Segments
By Component
- Control Systems
- Control Systems
- SCADA
- DCS
- WMS
- HMI
- Others
- Field Devices
- Field Devices
- Transmitters
- Industrial Sensors
- Industrial Valves
- Actuators
By Technology
By Vertical
- Oil and Gas
- Food and Beverages
- Energy and Power
- Automotive
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- ABB Ltd.
- Emerson Electric Company
- Fuji Electric Co., Ltd.
- General Electric
- Honeywell International Inc.
- IBM Corp
- Oracle Corporation
- Rockwell Automation Inc.
- Schneider Electric SE.
- Siemens
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate to high bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. High intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in strategic initiatives by government drives demand for operational technology
- 3.4.1.2. Growing industrial growth in emerging economies
- 3.4.2. Restraints
- 3.4.2.1. High installation and maintenance costs
- 3.4.3. Opportunities
- 3.4.3.1. Integration of operational technology with artificial intelligence (AI) and machine learning (ML)
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: OPERATIONAL TECHNOLOGIES MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Control Systems
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.2.4. Control Systems Operational Technologies Market by Control Systems
- 4.2.4.1. SCADA Market size and forecast, by region
- 4.2.4.2. SCADA Market size and forecast, by country
- 4.2.4.3. DCS Market size and forecast, by region
- 4.2.4.4. DCS Market size and forecast, by country
- 4.2.4.5. WMS Market size and forecast, by region
- 4.2.4.6. WMS Market size and forecast, by country
- 4.2.4.7. HMI Market size and forecast, by region
- 4.2.4.8. HMI Market size and forecast, by country
- 4.2.4.9. Others Market size and forecast, by region
- 4.2.4.10. Others Market size and forecast, by country
- 4.3. Field Devices
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.3.4. Field Devices Operational Technologies Market by Field Devices
- 4.3.4.1. Transmitters Market size and forecast, by region
- 4.3.4.2. Transmitters Market size and forecast, by country
- 4.3.4.3. Industrial Sensors Market size and forecast, by region
- 4.3.4.4. Industrial Sensors Market size and forecast, by country
- 4.3.4.5. Industrial Valves Market size and forecast, by region
- 4.3.4.6. Industrial Valves Market size and forecast, by country
- 4.3.4.7. Actuators Market size and forecast, by region
- 4.3.4.8. Actuators Market size and forecast, by country
CHAPTER 5: OPERATIONAL TECHNOLOGIES MARKET, BY TECHNOLOGY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Wired
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Wireless
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: OPERATIONAL TECHNOLOGIES MARKET, BY VERTICAL
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Oil and Gas
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Food and Beverages
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Energy and Power
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Automotive
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
CHAPTER 7: OPERATIONAL TECHNOLOGIES MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Component
- 7.2.2.1. North America Control Systems Operational Technologies Market by Control Systems
- 7.2.2.2. North America Field Devices Operational Technologies Market by Field Devices
- 7.2.3. Market size and forecast, by Technology
- 7.2.4. Market size and forecast, by Vertical
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Component
- 7.2.5.1.2.1. U.S. Control Systems Operational Technologies Market by Control Systems
- 7.2.5.1.2.2. U.S. Field Devices Operational Technologies Market by Field Devices
- 7.2.5.1.3. Market size and forecast, by Technology
- 7.2.5.1.4. Market size and forecast, by Vertical
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Component
- 7.2.5.2.2.1. Canada Control Systems Operational Technologies Market by Control Systems
- 7.2.5.2.2.2. Canada Field Devices Operational Technologies Market by Field Devices
- 7.2.5.2.3. Market size and forecast, by Technology
- 7.2.5.2.4. Market size and forecast, by Vertical
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Component
- 7.2.5.3.2.1. Mexico Control Systems Operational Technologies Market by Control Systems
- 7.2.5.3.2.2. Mexico Field Devices Operational Technologies Market by Field Devices
- 7.2.5.3.3. Market size and forecast, by Technology
- 7.2.5.3.4. Market size and forecast, by Vertical
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Component
- 7.3.2.1. Europe Control Systems Operational Technologies Market by Control Systems
- 7.3.2.2. Europe Field Devices Operational Technologies Market by Field Devices
- 7.3.3. Market size and forecast, by Technology
- 7.3.4. Market size and forecast, by Vertical
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Component
- 7.3.5.1.2.1. UK Control Systems Operational Technologies Market by Control Systems
- 7.3.5.1.2.2. UK Field Devices Operational Technologies Market by Field Devices
- 7.3.5.1.3. Market size and forecast, by Technology
- 7.3.5.1.4. Market size and forecast, by Vertical
- 7.3.5.2. Germany
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Component
- 7.3.5.2.2.1. Germany Control Systems Operational Technologies Market by Control Systems
- 7.3.5.2.2.2. Germany Field Devices Operational Technologies Market by Field Devices
- 7.3.5.2.3. Market size and forecast, by Technology
- 7.3.5.2.4. Market size and forecast, by Vertical
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Component
- 7.3.5.3.2.1. France Control Systems Operational Technologies Market by Control Systems
- 7.3.5.3.2.2. France Field Devices Operational Technologies Market by Field Devices
- 7.3.5.3.3. Market size and forecast, by Technology
- 7.3.5.3.4. Market size and forecast, by Vertical
- 7.3.5.4. Rest of Europe
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Component
- 7.3.5.4.2.1. Rest of Europe Control Systems Operational Technologies Market by Control Systems
- 7.3.5.4.2.2. Rest of Europe Field Devices Operational Technologies Market by Field Devices
- 7.3.5.4.3. Market size and forecast, by Technology
- 7.3.5.4.4. Market size and forecast, by Vertical
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Component
- 7.4.2.1. Asia-Pacific Control Systems Operational Technologies Market by Control Systems
- 7.4.2.2. Asia-Pacific Field Devices Operational Technologies Market by Field Devices
- 7.4.3. Market size and forecast, by Technology
- 7.4.4. Market size and forecast, by Vertical
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Component
- 7.4.5.1.2.1. China Control Systems Operational Technologies Market by Control Systems
- 7.4.5.1.2.2. China Field Devices Operational Technologies Market by Field Devices
- 7.4.5.1.3. Market size and forecast, by Technology
- 7.4.5.1.4. Market size and forecast, by Vertical
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Component
- 7.4.5.2.2.1. Japan Control Systems Operational Technologies Market by Control Systems
- 7.4.5.2.2.2. Japan Field Devices Operational Technologies Market by Field Devices
- 7.4.5.2.3. Market size and forecast, by Technology
- 7.4.5.2.4. Market size and forecast, by Vertical
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Component
- 7.4.5.3.2.1. India Control Systems Operational Technologies Market by Control Systems
- 7.4.5.3.2.2. India Field Devices Operational Technologies Market by Field Devices
- 7.4.5.3.3. Market size and forecast, by Technology
- 7.4.5.3.4. Market size and forecast, by Vertical
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Component
- 7.4.5.4.2.1. South Korea Control Systems Operational Technologies Market by Control Systems
- 7.4.5.4.2.2. South Korea Field Devices Operational Technologies Market by Field Devices
- 7.4.5.4.3. Market size and forecast, by Technology
- 7.4.5.4.4. Market size and forecast, by Vertical
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Component
- 7.4.5.5.2.1. Rest of Asia-Pacific Control Systems Operational Technologies Market by Control Systems
- 7.4.5.5.2.2. Rest of Asia-Pacific Field Devices Operational Technologies Market by Field Devices
- 7.4.5.5.3. Market size and forecast, by Technology
- 7.4.5.5.4. Market size and forecast, by Vertical
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Component
- 7.5.2.1. LAMEA Control Systems Operational Technologies Market by Control Systems
- 7.5.2.2. LAMEA Field Devices Operational Technologies Market by Field Devices
- 7.5.3. Market size and forecast, by Technology
- 7.5.4. Market size and forecast, by Vertical
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Component
- 7.5.5.1.2.1. Latin America Control Systems Operational Technologies Market by Control Systems
- 7.5.5.1.2.2. Latin America Field Devices Operational Technologies Market by Field Devices
- 7.5.5.1.3. Market size and forecast, by Technology
- 7.5.5.1.4. Market size and forecast, by Vertical
- 7.5.5.2. Middle East
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Component
- 7.5.5.2.2.1. Middle East Control Systems Operational Technologies Market by Control Systems
- 7.5.5.2.2.2. Middle East Field Devices Operational Technologies Market by Field Devices
- 7.5.5.2.3. Market size and forecast, by Technology
- 7.5.5.2.4. Market size and forecast, by Vertical
- 7.5.5.3. Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Component
- 7.5.5.3.2.1. Africa Control Systems Operational Technologies Market by Control Systems
- 7.5.5.3.2.2. Africa Field Devices Operational Technologies Market by Field Devices
- 7.5.5.3.3. Market size and forecast, by Technology
- 7.5.5.3.4. Market size and forecast, by Vertical
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. ABB Ltd.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. Siemens
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. Schneider Electric SE.
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Rockwell Automation Inc.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Honeywell International Inc.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Emerson Electric Company
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. IBM Corp
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. General Electric
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. Oracle Corporation
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.10. Fuji Electric Co., Ltd.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance